Genetic data trades hands between hospitals and drugmakers

Drugmakers, wanting to develop new products informed by disease insights, are snapping up genetic profiles of hospital patients and spending hundreds of millions of dollars to get the data. But the practice is throwing into question who should control this “valuable genetic data,” The Wall Street Journal reported.

Major hospital systems, including the top-ranked Mayo Clinic, Geisinger and Mount Sinai Health System, are all involved in deals with drugmakers to sell patient genetic information, according to the WSJ. Patients, for their part, are given free genetic testing under the allure that the results could indicate disease risks as well as contribute toward advancing science. But patients aren’t totally aware of how their genetic information is being used, and the data is typically contained to a single company under these private deals, rather than shared for public initiatives, meaning the data might not actually be used for research.

According to the companies, the insights are shared from the closely held data when the findings are published. And other deals may allow sharing with nonprofits or publicly-funded research. For hospitals, working with drug companies can seem necessary, as relying on public funding for genetic sequencing likely wouldn’t reach a greater scale.

See the full story below:

Amy Baxter

Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."

Around the web

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.